CAOCAO INC (02643) intends to acquire all the shares of Geely Business for 65 million yuan.

CAOCAO INC (02643) announced that on December 30, 2025 (after trading hours), its indirect wholly-owned subsidiary, Suzhou Youxing, entered into a stock purchase agreement with Geely Holdings and Geely Business. Under the agreement, Suzhou Youxing agreed to purchase all the shares of Geely Business from Geely Holdings for a cash consideration of RMB 65 million. After the completion of the acquisition, Geely Business will become an indirect wholly-owned subsidiary of the company. The announcement stated that Geely Business is a business travel management service platform, focusing on providing corporate travel solutions. The acquisition aligns with the group's core travel business strategy, strengthening and expanding its operational capabilities in key areas such as corporate services, one-stop business travel services, and data integration. Corporate services are an important component of the group's business, with stable demand, high average prices, and high average gross profit margins. Geely Business's rich corporate client resources bring cross-selling opportunities, helping the group to rapidly expand its corporate client base, increase its market share, improve data integration capabilities, and enhance long-term profitability. Additionally, the synergies between corporate and individual client groups can drive bidirectional flow and value conversion, thus increasing customer loyalty. Geely Business can provide one-stop travel and event services for the group's corporate clients, enriching the diversity of the group's corporate products and enhancing the group's corporate service capabilities, bringing stable income to the group.